Dogru, Bülent (2015): Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks.
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Abstract
Aim of this study is to analyze the nonstationarity of real GDP levels using recently developed Carrioni Silvestre et al. (2005) panel unit root test allowing different number of structural breaks in panel. For this purpose, this test is applied to panel data of per capita GDP of 20 high income OECD countries covering the time period of 1961 through 2012. Individual time series and first generation panel unit root tests are also employed to make a comparison. Results indicate that per capita GDP series is nonstationary for many OECD countries. This implies that any shock given to per capita GDP will have a long lasting impact on the macroeconomic variable
Item Type:  MPRA Paper 

Original Title:  Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks 
English Title:  Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks 
Language:  English 
Keywords:  Per capita real GDP, panel stationary tests, CarrionI Silvestre et al. (2005) 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C12  Hypothesis Testing: General C  Mathematical and Quantitative Methods > C2  Single Equation Models ; Single Variables > C23  Panel Data Models ; Spatiotemporal Models 
Item ID:  63856 
Depositing User:  bulent dogru 
Date Deposited:  25 Apr 2015 17:41 
Last Modified:  27 Sep 2019 09:07 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/63856 
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